US initial jobless claims dropped to 3169k, continuing claims rose to 22.6m

<p>US initial jobless claims dropped -667k to 3169k in the week ending May 2. Four-week moving average of initial claims dropped -861.5k to 4173.5k. Continuing claims rose 4636k to 22647k in the week ending April 25. Four-week moving average of continuing claims rose 3800k to 17098k. Full release here.</p>
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